#USStablecoinBill

A proposed law is being developed in the United States to regulate the issuance and use of stablecoins under legal frameworks. This is not the name of a specific coin, nor is it an official digital coin of the U.S. government.

A stablecoin is a digital currency that is pegged to the value of a stable currency, such as the U.S. dollar. Private companies like Tether (USDT) or Circle (USDC) issue these coins.

Under this bill, such companies will be required to obtain a license and demonstrate that they hold an amount of money or assets equal to the value of each issued coin.